Oireachtas Joint and Select Committees
Thursday, 11 December 2014
Public Accounts Committee
Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013
11:20 am
Mr. Patrick Casey:
The assets and liabilities of Newbridge Credit Union were transferred to Permanent TSB under the transfer order on 10 November. Since then there have been several expressions of interest from neighbouring credit unions seeking to extend their common bond to cover the Newbridge town area, but there has been no formal submission. The Central Bank is open to any application to extend the common bond.